Economics

Big bank earnings season is officially in the books, and it didn’t quite unfold the way bank investors had hoped. Despite mixed numbers from most big banks, trading revenue slumped in the second quarter and dovish commentary from Federal Reserve chair Janet Yellen suggests rising rates may...

The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.

Who will take the blame for a global recession? The answer, at least according to famed bond investor Bill Gross is central banks across the world. Gross, head of the $2.1 billion Janus Henderson Global Unconstrained Bond Fund, said in a letter to investors that central banks across the world have...

Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. The Philadelphia Fed general conditions index for July is schedule for release at 8:30 a.m. ET. The index of leading economic indicators for June will be released at 10:00 a.m. ET. The Energy...

While President Donald Trump was celebrating his self-proclaimed “Made in America” week, his Homeland Security secretary was adding another 15,000 visas for seasonal foreign workers to come to the United States to ease a crushing labor shortage. The U.S. makes available 66,000 annual...

The MBA’s index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET. Data on housing starts for June will be released at 8:30 a.m. ET. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is...

The administration of President Donald Trump has vowed to “seek a much better agreement” when it seeks to renegotiate the North American Free Trade Agreement with Canada and Mexico this August. Primarily, the administration wants to crack down on subsidized imports and reduce trade...

Data on import and export prices for June will be released at 8:30 a.m. ET. The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET. The housing market index for July will be released at 10:00 a.m. ET. The Treasury is set to auction 4-and 52-...

When Wright Lassiter III became CEO of Henry Ford Health System in Detroit, he said he was surprised by the reaction to his being named to the position as a black man. Then he learned that Henry Ford Hospital once had only one ward that treated African American patients, and it was originally...

The Empire State manufacturing index for July is schedule for release at 8:30 a.m. ET. The Treasury is set to auction 3-month bills at 11:30 a.m. ET. The Treasury will also auction 6-month bills at 11:30 a.m. ET.

The American Stock Exchange ("Amex") is currently called the NYSE MKT LLC and located in New York; it has the distinction of being the third-largest exchange by trading volume in the United States. After being acquired by the NYSE Euronext (NYSE: NYX) on Oct. 1, 2008, for $260 million,...

The Consumer Price Index for June is schedule for release at 8:30 a.m. ET. Data on retail sales for June will be released at 8:30 a.m. ET. Data on industrial production for June will be released at 9:15 a.m. ET. Dallas Federal Reserve Bank President Robert Kaplan is set to speak in...

In a note released Wednesday, Bernstein analyzed the footprint costs of airlines' and what airport costs mean for the margin gap between carriers. Airport Costs: Key Margin Differentiator Analyst David Vernon said where each individual airline flies is a key contributor to margin differentials...

It’s no secret brick-and-mortar retail is getting crushed, suffocating under the imposing force of online sales. As a result, the e-commerce workforce has expanded 334 percent over the last 15 years, a figure vastly disproportionate to the 25-percent contraction seen among department stores....

Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. The Producer Price Index for June is schedule for release at 8:30 a.m. ET. Federal Reserve Chair Janet Yellen is set to testify before the Senate Banking Committee in Washington at 9:30 a.m. ET. The...